Business

Coty Inc. (COTY ) held 737.74 million outstanding shares now. Coca-Cola European Partners plc (NYSE:CCE) has a beta of 0.87, compared to a beta of 1 for the market, which implies that the stock's price movements are less extreme than the market as a whole.

Goldman Sachs Group (GS) opened at $258.46 on Wednesday. Capital World Investors now owns 7,649,583 shares of the investment management company's stock worth $1,697,442,000 after buying an additional 726,582 shares during the last quarter. Overall, Goldman Sachs (NYSE:GS) reported net revenues of $32.07 billion and net earnings of $4.29 billion for the year ended December 31, 2017. Goldman Sachs Group had a net margin of 26.42% and a return on equity of 11.34%.

GKN is under pressure from US activist investor Elliott Advisors to open talks with Melrose despite having rebuffed the company's 405 pence per share cash-and-stock offer this month. Last year, lower profit margins and cash generation prompted GKN to conduct a wide-ranging review of its business. "As a result the implied premium has grown from approximately 24 per cent.to approximately 32 per cent.

Evercore Trust Company decreased its stake in Goodyear Tire & Rubr Co (GT) by 1.4% based on its latest 2017Q3 regulatory filing with the SEC. The Stock surged0.95% and closed its last trading session at $33.91. Stieven Capital Advsrs LP reported 170,600 shares stake. Since August 15, 2017, it had 0 buys, and 4 insider sales for $507,858 activity. Kihn Jean Claude sold $8,762 worth of stock.

The Australian government has sent a shot across the bow to Canada as it launches a trade fight over wine exports. The Australian government is looking to commence a formal consultation over "Canada's discriminatory measures affecting Australian wine" - namely, restrictions on the sale of imported wine in Canadian grocery stores, as well as extra fees relating to imported wine.

The British government is scrambling to contain the damage. Carillion had approximately 450 government contracts, including the provision of infrastructure and housing services for the Armed Forces and facilities management for schools across the UK.